The Zurich Group of Marcus & Millichap is pleased to present Ponderosa Apartments at 960962 W. Weddell Drive, a 20-unit apartment community located on the highly desirable Sunnyvale/Mountain View border. The property consists of two 10-unit buildings centered around a pool courtyard and offers strong in-place cash flow with future… Read More rental upside. The unit mix includes nineteen studio units and one one-bedroom unit occupied by the onsite manager, along with onsite laundry facilities and approximately 27 uncovered parking spaces. Ideally positioned near Highway 101 and State Route 237, the property provides excellent commuter access throughout Silicon Valley and is surrounded by major technology employers including Google, Apple, Amazon, LinkedIn, Microsoft, and the Moffett Park employment corridor. Residents also benefit from close proximity to Downtown Sunnyvale and Downtown Mountain View, offering a wide range of dining, retail, and entertainment options. Located in one of Silicon Valleys most desirable and supply-constrained rental submarkets, Ponderosa Apartments represents a compelling opportunity to acquire a well-located multifamily asset with stable cash flow and long-term rental growth potential. MARKETING PACKAGE AVAILABLE UPON REQUEST. Read Less
Courtesy of Marcus & Millichap, Mitchell Zurich 408-888-9594
Listing Snapshot
Days Online
59
Last Updated
Property Type
Five Or More Units
Square Ft.
8,300
Lot Size
0.73 Acres
Year Built
1961
MLS Number
ML82033703
30 Days Snapshot Of 94089
$1.60M
+4%
(avg) sold price
9
+350%
homes sold
44
-18%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 31995.00, Max Area Units: Square Feet, Lot is 0.7345041322314 acres
Accessibility Features
None
Unit One
1 bedroom
Building
8,300 structure square feet, Age: 65, Built in 1961, 2 buildings, 20 minimum units in complex
Cooling
Other
Foundation
Concrete Perimeter and Slab
Garage
Assigned Spaces, Unassigned Spaces
Water Features
Water On Site
Heating
Wall Furnace
Tenant Pays
Utilities - Electric
Miscellaneous
Total expenses: 163028
Parking
27 parking spaces
Pool
Pool - In Ground
Property
Zoning: R4
Roof
Flat / Low Pitch
Security Features
None
Taxes
Annual tax amount: $56,473
Sewer
Sewer Connected
Utilities
Master Water, Individual Electric Meters
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